Can a Company redeem its Optionally Convertible Preference Shares (OCPS)

Dear Sir/Madam,

As per new provisions, the DTAA treaty benefit for withholding tax can be availed only if TRC and Form 10F is obtained on online basis. How this will work practically? Is the Non resident expected to take Indian PAN and then login on IT portal and file TRC and Form 10F online? Why will any non resident, who does not have any presence in India, will take Indian PAN? Are there any changes/amendments/clarifications have come up in these provisions?

I run a proprietary technical consultancy and I have both local and forex earning well within GST exemption limit of RS 20 Lakhs. Do I need to register or file GST returns

I have recently passed CA Final exam, and going to apply for CA Membership plus COP. As per latest announcement by ICAI about 'Know your Member' (KYM) it requires certain documents to be submitted on yearly basis. Due to our financial condition is not so good, can I start my CA office from my home which is owned by my father, through Rent agreement and I use that rent agreement to submit to ICAI for KYM. Can I do that ?
Expert kindly give your opinion on this 🙏

I run a proprietary technical consultancy in India and come under GST exempted limit. Now I have an opportunity to earn consultancy in foreign currency and even that total value including local earnings will be well under GST exemption limit. I don’t file GST returns nor charge GST to my clients. I regularly file my ITR3 as required. Please let me know what all I need to do or follow in terms of GST, Foreign exchange earnings and income tax implications. I also have the option to opt for billing as an individual rather than a firm.

Read more at: https://www.caclubindia.com/forum/foreign-exchange-earning-and-impact-on-business-process-598100.asp

How to provide Balance confirmation ledger
If somebody ask balance confirmation ledger
If ledger not found in my books
If Ledger found in my books but balance is NIL
what exact word use to provide balance confirmation ledger for
Use Not found in books -NIL or Zero
Ledger found but balance is Zero- -Nil or Zero use

Hi,
Can you please help determine my residential status and tax liability for FY 23-24?

See below the facts for reference:
- Assessee left India on 26th Sept'22 on Tourist Visa for self-employment purposes and got his visa converted Inside country (UAE) to Virtual Work Visa. Approved on 5th Oct'22. Virtual Work Visa allows working legally from UAE for clients based out of UAE.
- The Self-employment work I am carrying out is same work which was previously carried out from India. However, It is now being carried out from the UAE. (No connection with India as work is for US and EU clients)
- Stay in India was for less than 175 days
- Stay in UAE is 190 days (15 days on Tourist Visa and remaining 175 days on Work Visa) Did not return to India for the entire 190 day period after leaving on 26th Sept'22.
- Indian income is more than 15L

Important Questions:
- Will my purpose of visit be considered for Employment? As It is essentially the same work I am doing. However, I've moved out of India and now continuing my work from UAE.
- What will be my Residential status for the year? NRI? RNOR? ROR? and why?
- Will my global Income be taxable?
- Will there be any Issues because I came on Tourist Visa and then converted my Visa to Virtual work visa? I had to come on Tourist visa because there were visa processing Issues from India.

Thanks,

Notice for Penalty under section 274 read with section 270A of the Income-tax Act,1961
Ms/Mr/M/s,
The taxpayer is a partnership. A Piece of Land was bought in 2016 in partnership. 1,33,00000 has been awarded to the developer after signing the development agreement in October 2017. For that, he would get 9 Residential flat in consideration under development agreement. They have been received by the partnership in the financial year 2021-22. The details of those flats sold in financial year 2021-22. But the Income Tax Department has sent a notice that you have not filed the capital gains returns for the financial year 2017-18. But no any payment and consideration was received in 2017-18, it was received in 2021-22. Tax has been calculated and the notice has been sent to 270. What should be done?

Hi,
I forget to claim GST TDS FY 2021-22. Can I claim FY 2021-22GST TDS in Mar 2023.

Please advise.

Mr A and Mrs A are husband and wife.
Mr A invested shares of Rs 5,00,000 in FY 2016-17 in the name of Mrs. A.
Mrs A sold the shares in June2022 for Rs 50 Lakhs which is also the long-term capital gain for her.
Mr A purchased a house property for Rs 50 Lakhs in March 2022.
Query 1 - Mr A wants to claim 100 percent exemption under section 54 F. Can Mr A claim section 54 F for the purchase of house property after application of clubbing provisions of section 64 in his ITR.

Query 2 – Is Mrs A required to show sale of shares in her ITR or will it be shown in the ITR of MR A only.

Query 3 – If Mrs A shows sale of shares in her ITR, there will be tax payable in her return as the investment for 54 F is done by Mr A.
In case Mrs A is also required to show sale in ITR, how to reflect it without any tax liability?